Piper Memorial Airport Business Plan
R.A. Wiedemann & Associates, Inc., was selected to perform a business plan for Piper Memorial Airport in Lock Haven, PA. The airport was the former home of Piper Aircraft manufacturing.
That company relocated to Vero Beach, FL in the early 1980s after a significant flood damaged their factory and aircraft inventory. Since that time, the airport has had difficulty in breaking even on a financial basis. Revenues were primarily from hangar rents and fuel sales. Because the airport had a runway length less than 4,000 feet, it had difficulty attracting corporate aviation.
The business plan focused on methods of increasing revenues, cutting costs, and bringing through-the-fence operators into a contractual relationship with the City.